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Proponents of advanced bikeways will point out a growing body of research on these facilities’ safety and benefits for cycling. They can now add another benefit: higher home values.

Research led by Jenny Liu of Portland State University looked at property around advanced bikeways in Portland, defined as bicycle boulevards, protected bike lanes and buffered bike lanes. She found positive effects on property values close to one of these bikeways and an even stronger effect where the network was denser.

For single family home sales, being a quarter mile closer to an advanced bikeway translated to a $686 premium, while increasing the density by a quarter mile represented a $4,039 premium. For multi-family homes, the effect of being close to a bikeway wasn’t statistically significant on sale price, but increasing the density of bikeways translated to $4,712 of value.

The research can inform policymakers who may question how much residents value bikeways and provide insight into siting decisions. “My results don’t...